Market Update : We do have a bank holiday here in the US, which means no data. However, FX Renew will remain open and market volume should not suffer greatly. The majors continue to trade in mixed fashion as we get into full swing this week, with the dollar on the defensive in most cases. After starting out lower during Asian trading, the AUD/USD has been pushing higher over the last few hours. We took 110 pips on the first half of our short on Friday and now have the stop at breakeven on the second half. We have several Radars still open, including USD/CHF and USD/JPY. The EUR/USD Radar from last night failed to meet our entry criteria, which included a violation of the 1.3312 support with an hourly close above that level. Instead, the pair slid below support and did not look back for several hours. We are looking for new emerging patterns and will provide you with further analysis on our findings.
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